Reallocating wealth? Insecure property rights and agricultural investment in rural China

Jessica Leight

China Economic Review, 2016, vol. 40, issue C, 207-227

Abstract: This paper evaluates the impact of village-level land reallocations in China on household economic outcomes. The primary objective is to analyze the effect of short-term differences in tenure security in the year of a reallocation, employing the past history of land shifts as a source of exogenous variation in current tenure security. The results show that a decrease in the probability of losing the current plot yields an increase in agricultural inputs and production with no change in non-agricultural investments, conditional on household fixed effects that control for any unobserved and time-invariant characteristics of the household. This suggests that even small increases in the security of tenure enjoyed by households could yield benefits in terms of greater agricultural output.

Keywords: Property rights; Reallocation; Agricultural production (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (16)

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Working Paper: Reallocating wealth? Insecure property rights and agricultural investment in rural China (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:40:y:2016:i:c:p:207-227

DOI: 10.1016/j.chieco.2016.07.014

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